AIR Worldwide News

Texas Cold Snap May Spur Historic Number of Insurance Claims

The polar vortex that caused power outages across Texas for the past week also will bring more insurance claims than any event in the state’s history, the Texas Insurance Council said Thursday. “I hate to say the word ‘unprecedented’ but …

Hurricane Zeta Insured Losses May Surpass $4 Billion

Insured losses from Hurricane Zeta, which became fifth named storm to strike Louisiana when it made landfall on Oct. 28, ranged from $1.5 billion to $4.4 billion, according to projections released Monday by two catastrophe risk modelers. Verisk subsidiary AIR …

AIR Worldwide and KCC Project Hurricane Sally Insured Losses From $1 to $3 Billion

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Sally’s winds, storm surge, and inland flood will range from $1 billion to $3 billion, with wind representing the majority of the losses. …

Estimates of Insured Losses from Hurricane Laura Range from $4 Billion to $12 Billion

Although Hurricane Laura was the strongest cyclone to strike Louisiana since 1856, damages were limited because it made landfall in a relatively sparsely populated area and the highest winds were confined to a narrow band around the eye of the …

Business News: AIR and Precisely, Crawford and Hover, GRS and WKA, QBE and Flywheel

AIR Worldwide Using Precisely Data in Risk Models Catastrophe modeling firm AIR Worldwide announced that it including software produced by Precisely, a startup that focuses on improving the quality of data, in its Touchstone 2020 risk-assessment tool. Gayartri Natarajan, vice …

Viewpoint: AIR Worldwide’s Perspective on Flattening the COVID-19 Curve

By now, you’ve heard the phrase “flatten the curve” numerous times to describe slowing the growth of the COVID-19 outbreak. Flattening the curve is critical to avoid overwhelming our healthcare infrastructure (you’ve almost certainly seen stories about shortages of masks, …

AIR Worldwide Pandemic Model Identifies Countries at Highest Risk for Coronavirus

AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios that could reveal those countries at the highest risk for onward infections. In these scenarios, AIR simulated …

Business News: Kemper, Munich Re, AIR Worldwide

Kemper Corporation announced a refresh of its core brand elements. The rebrand elevates the focus on the company’s strength, stability and transformation, and includes a new logo, positioning and product line architecture. The new bold and vibrant logo in navy …

Hurricane Florence Insured Losses Could Reach $4.6B

Hurricane Florence’s winds and storm surge caused $1.7 billion to $4.6 billion in insured losses along the U.S. Southeast coast, according to an estimate from Verisk Analytics Inc.’s catastrophe risk modeler AIR Worldwide. That doesn’t include the impact of record …

Industry Expected to Withstand Insured Losses From Florence

Changes in the path and intensity of Hurricane Florence are keeping forecasters, government officials and insurers on their toes. An update by AIR Worldwide yesterday indicated that storm surge heights of 9-13 feet could be expected. “Florence’s slow motion just …